by Jon Ralston Fri, 05/29/2015 - 20:25 Tweet In a huge development, Assembly Tax Chair Derek Armstrong will vote for the governor's tax plan. Armstrong, who proposed an alternative to the governor's original idea and opposed the gross receipts portion, told me: In everything I do as a legislator, I am always reminded that the voters elected me to make decisions that are in the best interest of their families, their businesses, their neighborhoods and their state. Top among their concerns are improving the condition of our education system and building a stronger economy by creating new job opportunities for our growing state. As Chairman of the Taxation committee, over the past four months I have dug deeply into Nevada’s tax structure in an effort to find a solution that broadens Nevada’s tax base and ensures that all businesses are treated fairly and equitably. I am confident I have asked the hard questions. I authored an alternative tax plan, along with Majority Leader Paul Anderson, that was a responsible approach to achieving those goals. Once Governor Sandoval introduced his Nevada Revenue Plan, a plan that incorporates two- thirds of what Mr. Anderson and I offered in our original plan, I reviewed it as objectively as I could. I want to complement the Governor for his willingness to compromise and, in particular, for his important commitment to protect small businesses by creating an exemption in the Commerce Tax, so that it will only apply to the biggest businesses. While I have expressed concerns about the Commerce Tax, I cannot dispute that the Commerce Tax will reach many out of state corporations that benefit from Nevada’s economy for the first time. This result will bring much-needed revenue that will help fundamentally modernize our education system. I will vote yes on AB 464 as amended because I believe that the Governor’s budget is correctly prioritized and his corresponding revenue plan protects small businesses, requires a broader base of businesses to equitably invest in the economy and will enable Nevada to become more competitive and stronger. In addition, as part of this final budget agreement, I look forward to being involved in the on-going discussions about long-term tax stability as well as actively participating in the comprehensive review of all business taxes in Nevada that is mandated as a part of this agreement. Comments: Log in to post comments
In a huge development, Assembly Tax Chair Derek Armstrong will vote for the governor's tax plan.
Armstrong, who proposed an alternative to the governor's original idea and opposed the gross receipts portion, told me:
In everything I do as a legislator, I am always reminded that the voters elected me to make
decisions that are in the best interest of their families, their businesses, their neighborhoods and
their state.
Top among their concerns are improving the condition of our education system and building a
stronger economy by creating new job opportunities for our growing state.
As Chairman of the Taxation committee, over the past four months I have dug deeply into
Nevada’s tax structure in an effort to find a solution that broadens Nevada’s tax base and ensures
that all businesses are treated fairly and equitably. I am confident I have asked the hard
questions.
I authored an alternative tax plan, along with Majority Leader Paul Anderson, that was a
responsible approach to achieving those goals.
Once Governor Sandoval introduced his Nevada Revenue Plan, a plan that incorporates two-
thirds of what Mr. Anderson and I offered in our original plan, I reviewed it as objectively as I
could.
I want to complement the Governor for his willingness to compromise and, in particular, for his
important commitment to protect small businesses by creating an exemption in the Commerce
Tax, so that it will only apply to the biggest businesses.
While I have expressed concerns about the Commerce Tax, I cannot dispute that the Commerce
Tax will reach many out of state corporations that benefit from Nevada’s economy for the first
time. This result will bring much-needed revenue that will help fundamentally modernize our
education system.
I will vote yes on AB 464 as amended because I believe that the Governor’s budget is correctly
prioritized and his corresponding revenue plan protects small businesses, requires a broader base
of businesses to equitably invest in the economy and will enable Nevada to become more
competitive and stronger. In addition, as part of this final budget agreement, I look forward to
being involved in the on-going discussions about long-term tax stability as well as actively
participating in the comprehensive review of all business taxes in Nevada that is mandated as a
part of this agreement.
Comments: